Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,876 shares of the information services provider’s stock after buying an additional 175,124 shares during the quarter. Alphabet makes up 1.1% of Quantinno Capital Management LP’s holdings, making the stock its 9th biggest position. Quantinno Capital Management LP’s holdings in Alphabet were worth $114,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $27,000. LSV Asset Management bought a new position in shares of Alphabet in the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet during the fourth quarter worth $38,000. Mountain Hill Investment Partners Corp. purchased a new stake in Alphabet in the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Alphabet during the 4th quarter valued at $43,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.8%

Shares of NASDAQ GOOG opened at $160.89 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.95 trillion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The firm’s 50-day moving average is $160.39 and its two-hundred day moving average is $176.86.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. Alphabet’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 EPS. Equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s payout ratio is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research reports. Rosenblatt Securities raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Westpark Capital reiterated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. UBS Group lowered their price objective on Alphabet from $209.00 to $173.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, KeyCorp cut their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $203.94.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,690 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares in the company, valued at approximately $7,997,521.61. This represents a 29.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $184.89, for a total transaction of $5,374,012.74. Following the sale, the director now directly owns 272,466 shares in the company, valued at $50,376,238.74. This represents a 9.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 179,324 shares of company stock valued at $30,153,353 in the last three months. 12.99% of the stock is currently owned by company insiders.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.